Wednesday, February 19, 2020 6:10:32 PM
What they are avoiding, and the reason you are reading actual news instead of publicity news from them, is because they are going to keep this stock below a consistent $ 5 until they are certain they are ready to change boards.
The board they trade on now is $ 5.00 and below. To go to the big board, a consistent $ 5.00 and above, they will want to have taken advantage of every supplier, every contract, etc, etc before they are viewed as a company to charge higher costs to.
For example: If you buy a product regularly under the name Mike's Auto Repair, you will probably pay a certain price. If you order under the name General Motors or Ford Motor Company, you might get price gouged. To argue that this doesn't happen is to say that our government doesn't get taken advantage of by their suppliers even though they are the US Government. $ 700 toilet seat, anyone?
I think this is a big part of it. They are avoiding going big before they have accomplished a certain number of things so they are not held over the buy out fire or forced to pay higher costs.
Take care, Jim
Recent CNBX News
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 09:27:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/12/2024 03:13:35 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/14/2023 02:28:11 PM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM